ExodusPoint Capital Management LP Raises Holdings in Enstar Group Limited (NASDAQ:ESGR)

ExodusPoint Capital Management LP grew its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 205.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the insurance provider's stock after purchasing an additional 1,345 shares during the period. ExodusPoint Capital Management LP's holdings in Enstar Group were worth $644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Key Financial Inc bought a new stake in Enstar Group in the fourth quarter worth $52,000. Vestcor Inc purchased a new stake in shares of Enstar Group in the fourth quarter valued at $96,000. KBC Group NV lifted its holdings in shares of Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after acquiring an additional 137 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Enstar Group in the 4th quarter worth about $171,000. Finally, R Squared Ltd purchased a new position in shares of Enstar Group during the 4th quarter worth about $174,000. Hedge funds and other institutional investors own 81.01% of the company's stock.

Enstar Group Trading Up 0.3 %

Shares of ESGR stock traded up $0.94 on Thursday, reaching $333.92. 29,006 shares of the company's stock were exchanged, compared to its average volume of 96,401. The company's fifty day simple moving average is $331.93 and its 200 day simple moving average is $327.05. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.97 billion, a PE ratio of 5.05 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The business had revenue of $240.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating for the company.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.